Web3 Startup Story Protocol Raises $29.3 Million in Seed Round, Led by a16z Crypto

Web3 startup Story Protocol has raised $29.3 million in a seed funding round, led by a16z Crypto, with Participation from Foresight Ventures, Hashed, Samsung Next Fund, Two Small Ventures, DAO5, Berggruen Holdings, Mirana Corp, and SLVC. The funds will be used to accelerate the development of its web3 infrastructure platform.

Story Protocol offers a way to create, govern, and license intellectual property on the blockchain. They have established an ecosystem that empowers creators to craft stories with ownership and incentives.